NIPPON STEEL CORPORATION(5401) Summary

NIPPON STEEL CORPORATION is a leading global crude steel producer and Japan's top steelmaker, with strengths in technology and high-grade steel sheets. The company is actively expanding its overseas operations.

NIPPON STEEL CORPORATION is, as its name suggests, Japan's leading integrated steel manufacturer and a global industry leader. The company operates in four business segments: steelmaking as its core business, engineering, chemicals & materials, and system solutions. Its roots trace back to the government-operated Yawata Steel Works, which began operations in 1901. In 1934, it was established as "Nippon Steel," a semi-public policy-oriented corporation. After being split up during the dissolution of zaibatsu conglomerates in 1950, two of the divided companies merged in 1971 to form NEW NIPPON STEEL CORPORATION (using NIPPON STEEL as its English name internationally, while domestically using SHIN NIPPON SEITETSU, which means NEW NIPPON STEEL in Japanese). In 2012, it merged with Sumitomo Metal Industries, Ltd., Japan's second-largest steelmaker at the time, to form Nippon Steel & Sumitomo Metal Corporation. In 2019, the company changed its name to "NIPPON STEEL CORPORATION." Overseas, in 1977, at the request of the Chinese government, the company assisted in establishing what would later become Baoshan Iron and Steel. It continued joint venture operations in China until the relationship ended in 2024. In December 2023, the company made a takeover bid for U.S. Steel, but received an acquisition prohibition order from the U.S. government.